No doubt that the past months and especially past weeks have been very brutal for Bitcoin and for whole Crypto. Also this bear market is very special as it's the worst macro-economic situation ever and for the first time ever Crypto will make its recession debut. Definitely very extraordinary situation so how does this crash right now compare to the others.
So if we look to the last bear market of 2018, after 220 days Bitcoin was down 70% from its ATH. Pretty close to now but still not quite there. And now in the bear market even before that in 2014, 8 years ago, after 220 days Bitcoin was down 72%. Still not ever it. It dates back to 2013 where Bitcoin in a mid cycle bear, market made a high loss.
This definitely shows that the trend of diminishing bear market deepness has been broken and that we are now in a very extraordinary situation due to the very harsh economic situation and other factors crypto never had to deal with before.
Get your seat belts on because this is going to be different.
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